With 72 cores, Nvidia reveals that the Tegra 4 is over six times faster than the Tegra 3–the processor in many smartphones and tablets on the market.

With that kind of raw power, gamers will have an impressively fast mobile gaming platform on their hands.

But Project Shield does more than play games: it seamlessly blends all the facets of entertainment with music, video, pictures, apps and just about everything else you can find on a mobile phone or a tablet.

Gamers can also stream a wide variety of digital content with Nvidia’s new device, making for an impressively dynamic entertainment experience.

As far as the selection of games, Project Shield supports Nvidia’s custom online gaming marketplace the TegraZone, Google Play, and the Android marketplace.

But Nvidia’s new handheld system isn’t just for gaming on-the-go: it also seamlessly blends PC gaming with a wireless streaming ability akin to the Wii U:

“Project SHIELD gives you the power to wirelessly access your GeForce® GTX-powered computer from the comfort of your couch. Play your favorite PC games, including great titles from Steam, on a full-size game controller with ultra-low latency thanks to Project SHIELD’s game-speed Wi-Fi and the fast performance of GeForce GTX 600 GPUs.”

Under the hood, Project Shield runs Android 4.2 (Jellybean) and has native on-screen resolution of 720p, which can be altered by hooking it up to a HDTV via an HDMI cable.

At this time, no official release date or pricing information has been released for Nvidia’s Project Shield, however it has been slated for a release window of mid-2013. Based on the high-powered Tegra 4 superprocessor and the functionality of the system, it will probably cost a pretty penny.